Explain any three functions of RBI

1.	Explain any three functions of RBI
Answer» Main functions of RBI of are as follows: 1. Financial supervision: BFS objective is to undertake consolidated supervision of the financial sector comprising commercial banks, financial institutions and non-banking finance companies. 2. Monetary management: As main monetary authority of the country, it formulates implements and monitors the monetary policy as well as it has to ensure an adequate flow of credit to productive sectors. 3. Issue of currency: Design, printing and distribution of different currency notes. RBI issues and exchanges or destroys currency and coins not fit for circulation. 4. Banker to Government: Performs banking functions for the central and the state governments; also acts as their banker and advisor.

Answer»

Main functions of RBI of are as follows:

1. Financial supervision: BFS objective is to undertake consolidated supervision of the financial sector comprising commercial banks, financial institutions and non-banking finance companies.

2. Monetary management: As main monetary authority of the country, it formulates implements and monitors the monetary policy as well as it has to ensure an adequate flow of credit to productive sectors.

3. Issue of currency: Design, printing and distribution of different currency notes. RBI issues and exchanges or destroys currency and coins not fit for circulation.

4. Banker to Government: Performs banking functions for the central and the state governments; also acts as their banker and advisor.

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